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EU Parliament to Require Public Disclosures of Corporate Owners
By Colby Adams
printEuropean parliamentary members are set to require countries to publish registries naming the beneficial owners of privately-held corporations and trusts as part of a broad overhaul to the EU's anti-money laundering rules. In February 2013, the European Commission introduced two proposals that would toughen the bloc's anti-money laundering (AML) laws and require financial institutions to attach more information to funds transfers. The plan would bring the EU's 28 member-states in line with the Financial Action Task Force's revised standards. A broad coalition of EU lawmakers now support the plan to require the registries but remain undecided on the percentage of...
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